$2.7 Billion (per day) Oil Business Set to Kick Paper Out for Blockchain

In an industry notorious for its paperwork, the maritime transporters of half of the world’s crude oil supply are looking to the blockchain to revamp the shipping industry’s backend.
Although utilizing a decentralized ledger would be a giant leap forward, it could result in significant job losses. Several dozen tankers set sail from global ports daily, generating transactions worth $2.7 billion. Thousands of workers and millions of liters are involved in the tanker industry every day.
The Dinosaur at the Docks
A bill of lading demonstrates ownership on the high seas. Mercuria Energy

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